Members of NLCU and Reddy Kilowatt Credit Union Vote to Approve Strategic Merger

April 30, 2026 — Members of NLCU and Reddy Kilowatt Credit Union have officially voted in favour of a strategic merger to build on the collective strengths of both credit unions. The member voting period took place from April 20 to April 27, 2026, and the results were announced during separate special meetings for members held virtually April 30th, 2026.

The approval paves the way for the two institutions to enhance service offerings and ensure long-term sustainability for their combined membership within an evolving financial landscape. With the positive member vote secured, the boards of directors also successfully passed a special resolution to approve the formal Amalgamation Agreement.

"This is a significant day for our members and the communities we serve," said Glenn Bolger, CEO of NLCU. "By coming together, we are building a stronger, more resilient credit union that can better meet the growing banking needs of our members while remaining deeply rooted in our local values.”

The combined entity will provide members with an expanded branch network, using its greater competitive scale to enhance product and service offerings while increasing investment in technology.

"We are thrilled that our members recognized the vision behind this partnership," added Carl Bishop, Board Chair of Reddy Kilowatt Credit Union. "This merger is about growth and opportunity, ensuring that our credit union continues to thrive for generations to come.”

The merger remains subject to final regulatory approvals, with a target integration date of January 1, 2027. Until the legal amalgamation is finalized, both credit unions will continue to operate independently, and members can continue to bank as they normally would.